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Nicosia
Our client is a Nicosia based regulated FX Broker. On behalf of our client we are seeking to recruit for the position of:
HEAD OF FX / CFDs
The role is focused on building the FX business in Cyprus.
The candidate has demonstrated experience in trading (cash or derivative instrument in the currency, fixed income or equity markets and ideally a proven track record in currency trading), coupled with a solid understanding of the technology underlying electronic trading systems and market making.
Previous experience of building an FX desk, having a solid track record of being able to build, drive and motivate a sales team is also a requisite for the role. The candidate should also be comfortable to deal with regulators. In this senior role, the candidate is required to drive and get the business unit off the ground and develop the team.
The successful candidate will be responsible for managing a trading team, helping guide product and pricing decisions, managing liquidity relationships and trading risk.
(developing and implementing a business and strategic plan, maintaining and tracking the operations performance and communicating success on a regular basis.)
(Not necessarily required: Being in possession of a portfolio of affiliates, introducing brokers, or client base shall be deemed to be an asset when applying for this role.)
Specific responsibilities:
· Responsible for the expansion of business, developing and specification of the CFD and Forex product range
· Lead customer acquisition process, in tandem with the CMO, and growth
· Overseeing the growth and development of trading products and pricing
· Develop, implement and maintain standards and controls, systems and procedures within the designated role and responsibilities and ensure all these are in compliance with regulatory requirements.
· Representing the firm to clients and regulators
· Collecting market intelligence
· Analysing customer activity
· Mentoring the team, defining performance plans and providing real-time feedback to enhance performance
· Introduce / maintain relationships with affiliates and introducing brokers, their processes and systems and retaining and empowering
· Development of partners and white label brokerages
· Work very closely with the CEO, COO, CTO, CMO, Risk Manager, Head of trading and Compliance Officer
Desired Skills & Experience
· Minimum of 3-5 years experience working with a Licensed entity regulated in a reputable jurisdiction and familiar with foreign exchange trading systems, with demonstrated responsibilities for guiding price-making and risk management of client flow, across multiple instruments and asset classes
· Understanding of hedging mechanics: prime brokerage and standard hedging contracts and swaps
· At least 3-5 years with responsibility for making/overseeing hedging decisions, including demonstrated experience in routing flow and managing liquidity relationships across a variety of hedging partners in order to maximize profits
· At least 3-5 years’ experience working at a senior capacity with demonstrated success in reaching set sales / trading targets and in managing P&L responsibilities to budget within your role
· Strong leadership skills and demonstrated success in developing, managing and upgrading lean teams with high productivity
· Demonstrated experience and understanding of trading technology and how to leverage it
· Proven track record in achieving revenue goals
· Approved or accredited by a reputable regulator – or followed courses from specific regulators
Qualifications:
· An advanced degree in mathematics, finance, computer science or computer engineering (or equivalent) would be considered an asset
The company has very ambitious growth plan, thus having an excellent opportunity for progression.
*Compensation will be commensurate with experience and capability.
Please forward your CV/Application to info@skai.com.cy or call us on 22774424 for more details on how to apply.
